Jumat, 20 April 2012

NY Times reports dark cloud over the Obama economy

Yes, coming from the Libs paper of record that is trying very hard to shield Obama away from blame.But, of course an overwhelming majority of Americans understand that his policies are not working.That�s why President Obama is a smear and class warfare campaign to win re-election because he can�t run on his lousy record in the White House.

New York Timesreports some of the same spoilers that interrupted the recovery in 2010 and 2011 have emerged again, raising fears that the winter�s economic strength might dissipate in the spring

In recent weeks, European bond yields have started climbing. In the United States and elsewhere, high oil prices have sapped spending power. American employers remain skittish about hiring new workers, and new claims for unemployment insurance have risen. And stocks have declined.

There is a �light recovery blowing in a spring wind� with �dark clouds on the horizon,� Christine Lagarde, managing director of the International Monetary Fund, said Thursday, at the start of meetings here that will focus on Europe�s troubles and global growth. Ms. Lagarde implored world leaders not to become complacent.